IASG Granted Listing Extension from NASDAQ

Integrated Alarm Services Group, Inc. (Nasdaq: IASGE)
today announced in a conference call with investors that the Company
received notice from the NASDAQ Listing Qualifications Panel that it
has been granted its request for a time extension until June 27, 2005
to file its Form 10-K, for the period ended December 31, 2004, and
Form 10-Q, for the period ended March 31, 2005, with the SEC. During
the time period of this extension the Company's common stock will
continue to remain listed on the NASDAQ National Market and will
continue to trade under the symbol of "IASGE" until the NASDAQ
confirms compliance with SEC filing requirements.

   About IASG

   Integrated Alarm Services Group provides total integrated
solutions to independent security alarm dealers located throughout the
United States to assist them in serving the residential and commercial
security alarm market. IASG's services include alarm contract
financing including the purchase of dealer alarm contracts for its own
portfolio and providing loans to dealers collateralized by alarm
contracts. IASG, with 5,000 independent dealer relationships, is also
the largest wholesale provider of alarm contract monitoring and
servicing. For more information about IASG please visit our web site
at http://www.iasg.us.

   This press release may contain statements, which are not
historical facts and are considered forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements contain projections of IASG's future
results of operations, financial position or state other
forward-looking information. In some cases you can identify these
statements by forward looking words such as "anticipate", "believe",
"could", "estimate", "expect", "intend", "may", "should", "will", and
"would" or similar words. You should not rely on forward-looking
statements because IASG's actual results may differ materially from
those indicated by these forward looking statements as a result of a
number of important factors. These factors include, but are not
limited to: general economic and business conditions; our business
strategy for expanding our presence in our industry; anticipated
trends in our financial condition and results of operation; the impact
of competition and technology change; existing and future regulations
effecting our business, and other risks and uncertainties discussed
under the heading "Risks Related to our Business" in IASG's Form 10-K
report for the period ending December 31, 2003 as filed with the
Securities and Exchange Commission on March 30, 2004, and other
reports IASG files from time to time with the Securities and Exchange
Commission. IASG does not intend to and undertakes no duty to update
the information contained in this press release.